WEEKLY: China zinc prices rebound, supply remains ample

After falling during the prior week, Chinese prices of refined zinc rebounded overall during June 7-13, supported by market expectations that the central government will further loosen monetary policy, Mysteel Global learned.

As of June 13, the country's national average price of refined zinc ingot (at least 99.995%) under Mysteel's assessment settled at Yuan 19,975/tonne ($2,788/t) including the 13% VAT, rising Yuan 354/t from June 6. On Tuesday, the People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10